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A comment on Statement on Cryptocurrencies and Initial Coin Offerings. Parent comment

Re:Statement on Cryptocurrencies and Initial Coin Offerings by modeless on Monday December 11, 2017 @09:37PM (#15902616)
This is not my impression. It seems to me that the dumb money is people who made early fortunes in crypto or regular people looking to ride the next pump and dump. If Wall Street money is coming in it's mostly to take advantage of the dumb money for a quick profit, for example by getting preferential pricing or timing so they can sell to later investors).
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by ikeboy on Monday December 11, 2017 @10:56PM (#15902883)
I think most of the money that's going in is by people with more than the 250k limit. Above that you can market pretty much anything as long as you're honest, I think. So I don't think it would be affected much, except that ordinary users wouldn't be able to use it (unless they could get it on exchanges, which may be under different laws?)

Not a simple question, I guess.

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Re:Statement on Cryptocurrencies and Initial Coin Offerings by dweekly on Monday December 11, 2017 @11:50PM (#15903072)
What's the 250k limit? (If you're speaking of Accredited Investors, the limit is $1m in net worth not including primary residence.)
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by arkem on Tuesday December 12, 2017 @12:19AM (#15903174)
Maybe they're referring to the 200k income threshold for the other accredited investor test?
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by ikeboy on Tuesday December 12, 2017 @11:05AM (#15906581)
Yes, that. Remembered wrong.
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by username223 on Monday December 11, 2017 @11:49PM (#15903071)
> If Wall Street money is coming in it's mostly to take advantage of the dumb money for a quick profit,...

Examples? Is Goldman playing in the current bubble?

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Re:Statement on Cryptocurrencies and Initial Coin Offerings by thinkmassive on Tuesday December 12, 2017 @09:49AM (#15905884)
Yes. https://www.bloomberg.com/news/articles/2017-12-07/goldman-s...
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